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  1. #1681
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    Quote Originally Posted by blackcap View Post
    Does anyone know when the last time was that the NZX fell 330 points in a day?
    @marklisternz
    Wow. That was the worst day for the NZ market since October 16, 2008, almost a decade ago. The NZX 50 is down 7.0% from the record highs of last month. Australia is faring better, down 2.6%, while Japan and China are off more than 4% so far today.
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  2. #1682
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    Quote Originally Posted by winner69 View Post
    @marklisternz
    Wow. That was the worst day for the NZ market since October 16, 2008, almost a decade ago. The NZX 50 is down 7.0% from the record highs of last month. Australia is faring better, down 2.6%, while Japan and China are off more than 4% so far today.
    Thanks winner. The question is is Mr Lister talking about the worst day in % terms or in points terms. Did not think it was that long ago that 330 point drop was registered!

  3. #1683
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    Quote Originally Posted by blackcap View Post
    Thanks winner. The question is is Mr Lister talking about the worst day in % terms or in points terms. Did not think it was that long ago that 330 point drop was registered!
    Knowing mark probably %age terms
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  4. #1684
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    @marklisternz
    The last decent sell-off we had in the local market was in the final quarter of 2016, two years ago. That one lasted two months, and saw the NZX 50 fall 12.0%. After bottoming in November 2016, the index rallied 20.4% in the following 12 months.
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  5. #1685
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    Quote Originally Posted by dameofdiv View Post
    Dear all, sorry to be asking so bluntly.
    Is today a good time to buy shares? If I have some money now, which stock would you recommend that I buy please?

    Appreciate any help and reply.
    Plenty of buyers yesterday .....every share is still owned by somebody

    In aggregate just as many ‘got in’ as ‘got out’
    Last edited by winner69; 12-10-2018 at 03:03 AM.
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  6. #1686
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    Default https://www.youtube.com/watch?v=JSUIQgEVDM4

    So, On the 9th Oct the ASX200 smashed below the MA200, and shows no sign of wanting to go back.

    On the 11th and 12th Oct the NZX50 flirted with the MA200 and bounced off.

    Today the NZX50 eased down to 8673.18, below the MA200 at 8726.49.

    Paste the title into a new tab to play the music

    Uncorrelated and apropos of nothing in particular, other things happened today...............

    https://www.stuff.co.nz/national/pol...ion-government

    https://www.tvnz.co.nz/one-news/new-...ridges-expense
    Last edited by greater fool; 23-10-2018 at 07:22 PM.

  7. #1687
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    The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that

    Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas

    Ranked biggest losers to those not so bad (the so called defensive ones?)

    Must be a story to be told here
    Attached Images Attached Images
    Last edited by winner69; 24-10-2018 at 09:47 AM.
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  8. #1688
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    Looks like Craigs are being bit naughty with ATM share price trading....

    https://www.nzx.com/announcements/325711

  9. #1689
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    Quote Originally Posted by winner69 View Post
    The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that

    Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas

    Ranked biggest losers to those not so bad (the so called defensive ones?)

    Must be a story to be told here
    Pretty grim picture - isn't it? Question is - are the ones which dropped already a lot better deals than the ones which still need to catch up?

    Would be interesting to correlate your tab with average PE and CAGR ... but need to pass today - wife asked me to fix the irrigation system (more fun when the sun is shining ;

    Just from a brief look can't i see any correlation - both the light yellow as well as the red section seem to contain both so called growth stocks (high PE, high CAGR) as well as good and reliable earners on reasonable PE's (low PE, low CAGR) ..
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  10. #1690
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    BP .... spooky that the ones in the red and orange zones of 5hat table are some of the most discussed stocks on Sharetrader

    Hope most cashed out near the 52 week highs ......and wonder how many think that the same stocks are now super cheap
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  11. #1691
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    BP .... spooky that the ones in the red and orange zones of 5hat table are some of the most discussed stocks on Sharetrader

    Hope most cashed out near the 52 week highs ......and wonder how many think that the same stocks are now super cheap
    Good point. So - red stands for hype and we are in a time of hype deflation?
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    "Prediction is very difficult, especially about the future" (Niels Bohr)

  12. #1692
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    Quote Originally Posted by BlackPeter View Post
    Good point. So - red stands for hype and we are in a time of hype deflation?
    One way of looking at it BP

    Sharetraders get caught up in the general market hype .....maybe, like lambs to the slaughter.
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  13. #1693
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    One other thing with that table is that most of the bigger ‘losers’ are still making more money than last year.

    PE multiples are what drive market direction
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

  14. #1694
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    Quote Originally Posted by winner69 View Post
    One other thing with that table is that most of the bigger ‘losers’ are still making more money than last year.

    PE multiples are what drive market direction
    i reckon market sentiment drives market direction and p/e multiples are simply a mathematical outcome of that.
    For clarity, nothing I say is advice....

  15. #1695
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    Quote Originally Posted by peat View Post
    i reckon market sentiment drives market direction and p/e multiples are simply a mathematical outcome of that.
    Market sentiment = how much am I prepared to pay for a $ of earnings

    That is an ‘input’ decision from punters — meaning PE is not really a mathematical ‘outcome’

    But I suppose we agree PE is a measure of market sentiment
    Last edited by winner69; 24-10-2018 at 02:04 PM.
    “I know that I am intelligent, because I know that I know nothing “ — Socrates

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